STOCKHOLM -- Ericsson (NASDAQ:ERIC) will provide business consulting and systems integration services for Telefónica's fixed and mobile operations across Latin America, allowing Telefónica to improve control of its revenue streams.

Under the agreement, Ericsson will provide business consulting services including financial-risk evaluation and revenue assurance life-cycle management, supported by technical analysis. Ericsson will also provide systems integration services such as design, adaptation and integration of customized Revenue Assurance solutions for Telefónica's Latin American operations.

Ericsson's transformation project and solution will enable Telefónica to gain greater control of its operations and prevent the recurrence of inconsistencies that adversely affect revenue.

Luis Miguel Gilpérez, Wireless Executive Director Telefónica Latin America Group, says: "As a long-term partner, Ericsson understands our specific needs and has detailed knowledge of our business processes, making it the perfect choice to take on the prime integrator role to drive and manage this complex transformation project and deliver us a competitive edge."

Ericsson AB (Nasdaq: ERIC)